Powell Industries
Powell Industries Inc. (NASDAQ: POWL) is a manufacturer of Integrated/Packaged Solutions and Electrical Equipment to monitor and control the distribution of electrical power in commercial and industrial markets, with headquarters in Houston, Texas.
| NASDAQ: POWL S&P 600 Component |
Products include Power Control Rooms, E-Houses, ANSI/IEC switchgear, MV and LV motor Control, LV switchgear, Bus Duct, Utility Transfer Switches, DC switchgear, bus duct, field services, and Power Management and Control Systems.
Markets served by Powell include Oil and Gas Refining, Offshore Oil and Gas Production, Petrochemical, Pipelines, Terminals, Pulp and Paper, Mining, Traction Power, and Utilities.
History
Powell was founded in 1947 as a metal-working shop to support the location Houston area petrochemical facilities. Over the past six decades, the company has become a strategic supplier of choice for highly complex electrical systems designs and integrated solutions for the distribution and control of electrical energy and other critical processes. Today, the firm is headquartered in Houston, Texas and has locations in the United States, Canada, and the United Kingdom.
Powell's customers include EPC firms and End-Users in Oil & Gas, Electric Utilities, Transportation, and other heavy industries. Powell's Products and Services include Metal-Clad Switchgear, Metal-Enclosed Switchgear, Motor Control, Bus Duct, Utility Switches, Integrated/Packaged Electrical Equipment Enclosures, Offshore Modules, Control and Monitoring Systems, Energy Management Systems and Process Control Systems.
Powell's Global Service Division offers support services including Installation and Commissioning, Spare Parts, Switchgear Life Extension services, Replacement Circuit Breakers, and Field Support.
On July 4, 2005, Powell acquired UK based company Switchgear & Instrumentation, located in Bradford. Total consideration paid for S&I was approximately $18.0 million.
In 2006 Powell bought a General Electric subsidy for $32,000,000.
Mr. Brett A. Cope currently serves as President, CEO, and Chairman of The Board.
Mr. Thomas W. Powell currently serves as Chairman Emeritus.